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Forex Binary options are popular with many traders. We'll take a look at which brokers provide the best Forex Binary Options trading services.
How do you choose between them? The question is: how do you tell which one will give you the best return and which one will be a scam? We aim to simplify the process of selecting a trading partner for you. Every broker is reviewed by our team to make sure that we are bringing you the best.
2
Excellent
Bonus
Upto 50%
Assets
Upto 50+
Minimum Trade
$ 1 (USD)
*Payout %
95%
- Multiple account for all budgets
- Support available in 15 languages
- Free support manager for traders
Best Site
1
Perfect
Bonus
No Bonus
Assets
Upto 80+
Minimum Trade
$ 1 (USD)
*Payout %
91%
- Single account option for everyone
- Huge range of educational tools
- Free support manager for traders
3
Very Good
Bonus
Upto 30%
Assets
Upto 70+
Minimum Trade
$ 1 (USD)
*Payout %
92%
- Min deposit $10, min trade $1
- Exceptional level of education
- Free support manager for traders
Our Binary Options Lists - 2021
Brokers
Ratings
Min. Deposit
Min. Trade
Regulation
Payout
Device
Account Opening
$ 5
$1
MFSA
VFSC
BVI Financial Services Commission
Labuan FSA
91%
Risk Warning / Ad Disclosure
Get Practice - Test your skill
Below trades are just for fun and to test your skill, it doesn't pay any kind of value/money/profit/loss.
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How to Choose a Binary Options Broker
The trader might be experienced in one trade type however, not in another type of trade. In this case, the trader will need to choose a broker that provides the trade agreements that he is experienced in.
For most traders it’s no problem to join a binary options broker site, however trader from the United States, Japan, Turkey, Indonesia and Gibraltar should make additional research on wether their country is accepted, because of current laws in these countries.
A great payout for many short term binary option agreements is 85%, although some brokers might pay as little as 60%. The actual payout is everything when it comes to success. Make use of a broker which regularly provides agreements paying 75% or more.
Some brokers provide you with a variety of trade types, features along with other useful trading resources and educational sources. The more trading tools a website provides the greater control they are providing you with as a trader.
A broker may have all the features on the planet and make you all the guarantees imaginable, but still are not able to deliver if the group itself is not really worried about your well-being. Don’t leave this up to destiny; test the client support team yourself to find out if they’ll be really worth dealing with.
What Makes a Great Broker
When selecting a broker, you should be seeking those that offer you an all-around package that includes payouts, trading platform, and user interface. Despite their lack of bonuses, their payouts far outweigh those shortcomings. While their website doesn't have all the bells and whistles, everything else you need is there. Here are some of the key qualities that make a good broker:
- An intuitive and easy-to-navigate website
- Mobile-friendly site, which allows you to trade wherever you are
- The payouts should not be so high as to appear too good to be true
- Before trading your funds, take the time to get familiar with the site on the demo platform
- A good bonus program and loyalty rewards
- Learning tools to improve your trading
- Customer support that can be easily accessed
- Licensing and regulation by a recognized authority
- Customer service is another important factor to consider. Whenever you have questions or issues about a product or service you use, it's frustrating to be unable to contact a customer service advisor and binary options trading is no exception.
To make the most out of your trading experience, you should have access to customer support via live chat, phone, or e-mail. Your chances of moving onto another site increase if you cannot get someone to answer your question.
Frequently Asked Questions
Binary options brokers are theoretically regulated by the same bodies that regulate other types of options, such as the United States Commodity Future Trading Commission or the United Kingdom Financial Conduct Authority. Binary options brokers in Europe are regulated by multiple organizations due to the increasing scrutiny of these options.
No, it is not really true, although some boards of regulatory agencies have discussed such a thing. Due to the similar structure of binary options and other “win/lose” scenarios, binary options cause obvious confusion.
According to the mathematical model behind binary options, most traders are unlikely to be very successful with binary options. Due to the fact that you will never receive 100% of what you put down on a binary options trade, you must mathematically “win” more than 50% of the time.
As a result, trying to make money using binary options over the long-term can be very difficult. Most people who make money with binary options will ultimately lose money.
The safety of binary trading depends on the way you handle your trades and the amount of money you put in. To prevent the market from destroying your savings, you should do your research and practice before investing serious money in binary trading.
Binary options trading is perceived by many people as easier than forex trading. Binary options are simple yes/no trades where all the prices are agreed upon before any money is put down. There is no changeability or malleability to the trade. For forex trading, the investor doesn't know the final profit or loss until after the trade has been closed or closed.
If you hope to get the most out of your efforts, we have an entire guide on binary options strategies that you might be interested in reading. It can be difficult to decide which trade strategy is the most effective, but the most common one is directional trading.
To put it simply, you look at the direction that an asset price appears to be going and you make a decision according to that. Instead of focusing on smaller swings, you should look for overall larger swings in market direction. Then, you can take a few positions and make bigger gains.
An example would be to take a binary option that pays off when an asset's price is greater than its strike price at the expiration. You can also use a put binary option, which pays off if the value is lower than the strike price at expiration. Traders can easily apply this simple binary option strategy to general market trends and figure it out even if they are beginners.
The markets are relatively easy to understand if you take the time to understand how they work. Patience is required, and sometimes it takes weeks to see the results.
Broker welcome bonuses are bonuses you receive upon opening an account with a broker. It is often a no deposit bonus, meaning that you do not have to deposit any money to receive the incentive.
You will be able to protect your money if you choose a reputable and reliable broker. We review brokers according to a wide range of criteria in order to make sure that we offer only the best.
Checking their license is the first step. All of the brokers we recommend have been carefully examined by us and we only recommend those that are trustworthy and reliable.